Yesterday in a blog post, IBM announced that it is launching enerT, a new token-based renewable energy certificate solution.
Demand is rising for tech solutions that allow organizations to calculate their carbon footprint and assist in creating their ESG reporting. Renewable energy certificates (RECs) make up one part of this. But an important part. Some argue that carbon offsets are a zero-sum game. In contrast, incentivizing businesses to increase the proportion of renewable energy is undoubtedly a net win.
And there’s plenty of headroom for growth. According to the International Energy Agency, 28% of global electricity generated in 2020 came from renewables (2019: 26%).
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